The deal between Richemont and Farfetch gives YNAP an implied equity value of nearly $1.5 billion. "Richemont Reaches YNAP Divestment Deal With Farfetch -- Update," at 0630 GMT, incorrectly said the implied value was $1.5 billion.

(END) Dow Jones Newswires

August 24, 2022 06:45 ET (10:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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